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825 Kentucky AVE Bristol, TN 37620
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Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,410 sqft
Price per Sqft $75
Subdivision Fairmount Land
MLS Listing ID 9933699
Sold Date 04/28/22
Style See Remarks
Originating Board Tennessee/Virginia Regional MLS
Year Built 1900
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 150x150
Property Description
Location, Location, LOCATION!
Fully remodeled 8-unit apartment complex in a desirable location of Bristol, TN. This property features four 2-bedroom apartments and four 1-bedroom apartments. All units have 1 bathroom. The apartments are very spacious, with 6 of them including large, walk-in closets. Extra wide staircases inside. 100% occupied with total monthly rent of $5,150. Three 2 bedrooms are rented at $700 and one is $650. All of the 1 bedrooms are $600. Tenants pay Electric, TV, & Internet. Owner pays water, trash, landscaping, and the main meter electric for the common areas. The building also includes a large unfinished basement that could be utilized for added potential as there's 1500 square feet for an office or ....?
24 hour noticed required to view occupied units.
This would make for a great asset to your balance sheet or for those looking to venture into the airbnb/short term rental market, you could potentially convert this into an airbnb. Currently all leases are for a year, see rent roll in documents
Buyer/buyer's agent to verify
Location
State TN
County Sullivan
Community Fairmount Land
Area 0.51
Zoning multi
Direction GPS Friendly
Rooms
Basement Block, See Remarks
Interior
Heating See Remarks
Cooling Window Unit(s)
Flooring Vinyl
Window Features Double Pane Windows,Single Pane Windows
Heat Source See Remarks
Exterior
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description Level
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style See Remarks
Structure Type Brick,Vinyl Siding,See Remarks
New Construction No
Schools
Elementary Schools Fairmont
Middle Schools Vance
High Schools Tennessee
Others
Senior Community No
Tax ID 021g C 026.00
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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Bought with Cory Peters • Bridge Pointe Real Estate Jonesborough
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